GM to invest BRL 6.5 billion in Brazil over five years  [ Brazil ]

General Motors announced on August 14 that it will invest BRL 6.5 billion (USD 2.9 billion) in Brazil from 2014 to 2018. The automaker made the announcement to Brazilian President Dilma Rousseff while GM CEO Mary Barra was visiting Brazil. The investments will help fund the development of new products, technologies and employee training, in addition to localizing components with Brazilian suppl...